As millions of Americans prepare this year for one of the biggest milestones in their lives – retirement – the program that they have come to most depend on in retirement its celebrating its own milestone. The Social Security program turns 80-years-old on August 14.

To many market watchers, the fight of the century was the battle royale between economists John Maynard Keynes and Friedrich August von Hayek--and it's a fight that rages on though the opponents died years ago.